§ 44-14-162.3 - Sales made on foreclosure under power of sale -- Mailing of notice to debtor; waiver or release of notice requirement - Georgia Statutes

O.C.G.A. 44-14-162.3 (2010)
44-14-162.3. Sales made on foreclosure under power of sale -- Mailing of notice to debtor; waiver or release of notice requirement

(a) The notice requirement of Code Section 44-14-162.2 shall apply only to the exercise of a power of sale of property all or part of which is to be used as a dwelling place by the debtor at the time the mortgage, security deed, or lien contract is entered into.

(b) No waiver or release of the notice requirement of Code Section 44-14-162.2 shall be valid when made in or contemporaneously with the security instrument containing the power of nonjudicial foreclosure sale; but, notwithstanding the requirements of Code Sections 44-14-162.1, 44-14-162.2, this Code section, and Code Section 44-14-162.4, a subsequent quitclaim deed in lieu of foreclosure shall be valid and effective as such.